: Everyone including Moody’s played a large role in the financial crisis. The less qualified home buyers were told to lie in order to qualify for the mortgage loans and no one would verify their income or assets. Those home-buyers irresponsibly purchased houses that they couldn’t afford. The mortgage lenders produced more loans to people‚ then packaged them altogether to sell to investment banks. As a result‚ the mortgage lenders had more positive cash flow for producing more loans. This process
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When do you need a proactive crisis management plan? Although proactive crisis management is a must today for each and every business due to the uncertain nature of the business environment in today’s world‚ it is especially important for companies that operate in a very uncertain or risky environment and are expected to face crisis now and then. Proactive crisis management is forecasting potential crises and planning how how to deal with them. Potential crisis that may be forecast can run
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What’s the Problem? Local Officials’ Conceptions of Weaknesses in their Municipalities’ Crisis Management Capabilities Jerry Nilsson Department of Fire Safety Engineering and Systems Safety‚ Lund University Centre for Risk Analysis and Management (LUCRAM)‚ Lund University‚ PO Box 118‚ SE-221 00 Lund‚ Sweden. E-mail: jerry.nilsson@brand.lth.se It is becoming increasingly common for local-government officials (civil servants and political appointees) to take part in vulnerability analyses
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This cartoon was published on October 30‚ 1962 immediately after the thirteen days of the Cuban Missile Crisis by Edmund Valtmun. After 13 days of being on the brink of war‚ Khrushchev finally agreed to remove the nuclear missiles from Cuba. This cartoon depicts Khrushchev doing just that by way of dentistry in the mouth of Cuban leader Castro‚ saying “This Hurts Me More Than it Hurts You‚” revealing that the removal of missiles in Cuba ultimately meant that Khrushchev had lost the non-combat
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How trade restrictions lead to food crisis? According to World Bank‚ they blame that the food crisis in Africa are causing by trade barrier. A lot of countries in Africa are restricted importing food from the border. Due to unfertilized land in a lot of parts in Africa‚ it causes people to discourage to be a farmer‚ so the food supply is less. However‚ African population is increasing rapidly. Therefore‚ the demand for food will just keep increasing. As a result‚ the demand
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INTRODUCTION In the 1993 incident of syringes were found in the Diet Pepsi cans‚ it is clearly showed that the company had demonstrated an effective halting from the company’s openness with the media. While dealing and handling with the crisis‚ the PR team of Pepsi focused on both their internal and external publics. It is important for an organization to have a strong internal communication as these internal publics helps to convince the external publics of the organization. The internal publics
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Tylenol Vs. Toyota: Crisis Management at Its Best and Worst Tylenol and Toyota are two companies that have faced adversity in the form of crises. In Chicago in 1982‚ Tylenol was faced with the crisis of people dying from consuming its medication. The company acted quickly and appropriately; it was able to minimize its negative publicity and clear its image. Toyota has had its own recent crisis‚ and has been forced to recall over 8.5 million vehicles in the past seven months due to defective accelerator
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Food crisis Food crisis have been an issue among developing countries for years but as the time goes on it’s getting more serious. With the raising of the prices for food even in the past year along has affected many people even in US. Many people are starving or dying from starvation because they just can’t afford to buy food for themselves and their families. I think that this is the issue that everyone should be aware off and try to help out as much as they can because if we run out of the
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Management Communication Quarterly http://mcq.sagepub.com/ Effective Crisis Management through Established Stakeholder Relationships : Malden Mills as a Case Study Robert R. Ulmer Management Communication Quarterly 2001 14: 590 DOI: 10.1177/0893318901144003 The online version of this article can be found at: http://mcq.sagepub.com/content/14/4/590 Published by: http://www.sagepublications.com Additional services and information for Management Communication Quarterly can be found
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Article for Review: MIDLIFE CRISIS IN CHINESE MEN AND WOMEN By: Shek‚ D.T.L. (1996). Journal of Psychology‚ 130(1)‚ 109-119. Introduction Mid Life is the developmental period that begins at approximately 40-45 years of age and extends to about 60-65 years of age. Though the age boundaries was not set in stone‚ we will consider middle adulthood as the developmental period that begins 40 years and extend to 60 years of age. This is a time of declining physical skills and expanding responsibility;
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